I offered subto/seller finance, with a down payment to take care of ex-wife's equity, and a balloon payment 3-5 years. my question is if i use a TREC contract, would and list the details of the transaction, is there anything else i need to do as far as paperwork besides the contract?

It would be great to sell just 3 and go get an STR or something that cash flows nicely but it would have to be a solid deal or else it could put be back into a position where I can't withstand the monthly mortgage payments.

Your licensed agent will also be versed in fair housing laws to help you avoid breaking rules and statutes you might not have known existed.2) Hire a property management company which will handle advertising, screening/placing tenants, collecting payments, handling repair calls, etc.

Aim for places where you make more money than you spend on things like loan payments, taxes, insurance, upkeep, and paying someone to manage the property.

I was looking to park money in an asset and continue to live in the barracks collecting my BAH payment.

The DSCR 40 year is really set up to help the rents be equal to or greater than the PITI payment in order to ratio at 1.00% or greater.

If they seem evasive, be wary.Don’t trust a website: Websites are very easy to create these days and just because it looks professional doesn’t necessarily mean it’s a qualified or reputable firm.

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So if something ever happens and the loan goes delinquent the only recourse is the subject property, but if the delinquent property is in an LLC with let's say 4 other properties then those assets are exposed to the LLC debt holder - if that makes sense.But they will ask to see personal liquidity all the time so they can feel comfortable with the payments being able to be made for 9 months.

@Kevin Vasquez   You would also need to ask what the pre-payment penalty is on the loan.